At the time of her death,Sally was a shareholder in Oriole Corporation.In valuing the Oriole stock included in Sally's gross estate,the IRS contends that the corporation possessed considerable goodwill.In disputing this contention,which of the following point(s)is/are relevant?

Question

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Had the corporation incurred a market interest expense,more profit would have resulted (choice a.).A high rate of return would make the business seem less profitable (choice b.).Thus,arguing for a higher rate would lower goodwill.Gains and losses should not be considered if they are not related to the business (choice c.).The "key employee" argument cannot be used as Sally was not an employee.In fact,Sally was not even a "key investor" since she had a passive role (choice d.).

At the Time of Her Death,Sally Was a Shareholder in Oriole